Canada vs Mexico: Tax Comparison
Compare income tax rates and take-home pay between Canada and Mexico
You'd keep $5,366 more in Mexico
Mexico
23.4% tax
Canada · Ontario
28.7% tax
$447/mo difference
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Side-by-side breakdown
Mexico
2026
23%
Income
Gross Salary$100,000
Personal deductions limit-$12,366
Mexican Social Security Institute (IMSS) employee contribution-$1,682
Taxable Income$85,952
Taxes & Contributions
1.92% bracket-$11
6.40% bracket-$281
10.88% bracket-$410
16.00% bracket-$227
17.92% bracket-$359
21.36% bracket-$2,641
23.52% bracket-$3,323
30.00% bracket-$10,543
32.00% bracket-$3,889
Mexican Social Security Institute (IMSS) employee contribution-$1,682
Total Taxes-$23,366
NET ANNUAL PAY$76,634
Per Month$6,386
Effective Rate23.4%
Canada · Ontario
2025
29%
Income
Gross Salary$100,000
Canadian Pension Plan (CPP) - Enhanced portion-$563
Taxable Income$99,437
Taxes & Contributions
Federal bracket 1-$6,012
Federal bracket 2-$8,500
Federal bracket 3-$4,293
Basic Personal Amount (BPA)+$245
CPP Base Contribution Credit+$67
Ontario bracket 1-$1,877
Ontario bracket 2-$3,402
Ontario bracket 3-$2,799
Ontario Basic Personal Amount+$245
Canadian Pension Plan (CPP) - Base portion-$1,648
Employment Insurance (EI)-$758
Total Taxes-$28,733
NET ANNUAL PAY$71,267
Per Month$5,939
Effective Rate28.7%
Tax rate by income level
Canada
Mexico
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